Hedging with Precious Metals
The local price of a precious metal can be used to hedge local currency risk. In the interactive service below, the values are derived from our latest weekly risk model dated: 17 February, 2021
Select local currency
Local currency: AED - United Arab Emirates Dirham AFN - Afghanistan Afghani ALL - Albania Lek AMD - Armenia Dram ANG - Netherlands Antilles Guilder AOA - Angola Kwanza ARS - Argentina Peso AUD - Australia Dollar AWG - Aruba Guilder AZN - Azerbaijan New Manat BAM - Bosnia and Herzegovina Convertible Marka BBD - Barbados Dollar BDT - Bangladesh Taka BGN - Bulgaria Lev BHD - Bahrain Dinar BIF - Burundi Franc BMD - Bermuda Dollar BND - Brunei Darussalam Dollar BOB - Bolivia Boliviano BRL - Brazil Real BSD - Bahamas Dollar BTC - Bitcoin BTN - Bhutan Ngultrum BWP - Botswana Pula BYR - Belarus Ruble BZD - Belize Dollar CAD - Canada Dollar CDF - Congo Kinshasa Franc CHF - Switzerland Franc CLF - Chilean UF CLP - Chile Peso CNY - China Yuan Renminbi COP - Colombia Peso CRC - Costa Rica Colon CVE - Cape Verde Escudo CZK - Czech Republic Koruna DJF - Djibouti Franc DKK - Denmark Krone DOP - Dominican Republic Peso DZD - Algeria Dinar EGP - Egypt Pound ETB - Ethiopia Birr EUR - Euro Member Countries FJD - Fiji Dollar GBP - United Kingdom Pound GEL - Georgia Lari GHS - Ghana Cedi GMD - Gambia Dalasi GNF - Guinea Franc GTQ - Guatemala Quetzal GYD - Guyana Dollar HKD - Hong Kong Dollar HNL - Honduras Lempira HRK - Croatia Kuna HTG - Haiti Gourde HUF - Hungary Forint IDR - Indonesia Rupiah ILS - Israel Shekel INR - India Rupee IQD - Iraq Dinar IRR - Iran Rial ISK - Iceland Krona JMD - Jamaica Dollar JOD - Jordan Dinar JPY - Japan Yen KES - Kenya Shilling KGS - Kyrgyzstan Som KHR - Cambodia Riel KMF - Comoros Franc KPW - Korea (North) Won KRW - Korea (South) Won KWD - Kuwait Dinar KYD - Cayman Islands Dollar KZT - Kazakhstan Tenge LAK - Laos Kip LBP - Lebanon Pound LKR - Sri Lanka Rupee LRD - Liberia Dollar LSL - Lesotho Loti LTL - Lithuanian Litas LVL - Latvian Lats LYD - Libya Dinar MAD - Morocco Dirham MDL - Moldova Leu MGA - Madagascar Ariary MKD - Macedonia Denar MMK - Myanmar Kyat MNT - Mongolia Tughrik MOP - Macau Pataca MRO - Mauritania Ouguiya MUR - Mauritius Rupee MVR - Maldives (Maldive Islands) Rufiyaa MWK - Malawi Kwacha MXN - Mexico Peso MYR - Malaysia Ringgit MZN - Mozambique Metical NAD - Namibia Dollar NGN - Nigeria Naira NIO - Nicaragua Cordoba NOK - Norway Krone NPR - Nepal Rupee NZD - New Zealand Dollar OMR - Oman Rial PAB - Panama Balboa PEN - Peru Nuevo Sol PGK - Papua New Guinea Kina PHP - Philippines Peso PKR - Pakistan Rupee PLN - Poland Zloty PYG - Paraguay Guarani QAR - Qatar Riyal RON - Romania New Leu RSD - Serbia Dinar RUB - Russia Ruble RWF - Rwanda Franc SAR - Saudi Arabia Riyal SBD - Solomon Islands Dollar SCR - Seychelles Rupee SDG - Sudan Pound SEK - Sweden Krona SGD - Singapore Dollar SLL - Sierra Leone Leone SOS - Somalia Shilling SRD - Suriname Dollar STD - São Tomé and Príncipe Dobra SVC - El Salvador Colon SYP - Syria Pound SZL - Swaziland Lilangeni THB - Thailand Baht TJS - Tajikistan Somoni TMT - Turkmenistan Manat TND - Tunisia Dinar TOP - Tonga Pa'anga TRY - Turkey Lira TTD - Trinidad and Tobago Dollar TWD - Taiwan New Dollar TZS - Tanzania Shilling UAH - Ukraine Hryvnia UGX - Uganda Shilling USD - United States Dollar UYU - Uruguay Peso UZS - Uzbekistan Som VEF - Venezuela Bolivar VND - Viet Nam Dong VUV - Vanuatu Vatu WST - Samoa Tala XAF - Communauté Financière Africaine (BEAC) CFA Franc BEAC XCD - East Caribbean Dollar XDR - International Monetary Fund (IMF) Special Drawing Rights XOF - Communauté Financière Africaine (BCEAO) Franc XPF - Comptoirs Français du Pacifique (CFP) Franc YER - Yemen Rial ZAR - South Africa Rand ZMK - Zambian Kwacha
Ex-ante hedge ratios
A summary of the ex-ante hedge ratios.